On September 24, the Chongqing Economic and Technological Development Zone (CETZ) and China National Chemical Engineering Group Corporation Ltd. (CNCEC) entered into a cooperation agreement. Specifically, CNCEC will set up the headquarters of CNCEC Eco-environment Co., Ltd. in CETZ and invest 10 billion yuan in establishing a subsidiary for building the headquarters in Chongqing.

CNCEC Eco-environment Co., Ltd. is a professional company established by CNCEC to specialize in ecological environment services. Centered on the strategy of "green environmental protection," it is wedded to becoming a domestic pioneering and international leading integrated service provider in the ecological environment business.

Jinyun Mountain in Beibei District

The company is mainly engaged in project construction, investment, operation, service, and other related businesses in water conservancy, ecological governance, environmental protection, and municipal infrastructure in Chongqing. After headquartering in Chongqing, the company will integrate into Chongqing's ecological civilization development through extensive participation in a slew of environmental protection and environmental governance projects, such as the Guangyang Island • Yangtze River Ecological Civilization Innovation Pilot Zone. With an expected operating income of 14 billion yuan and a tax payment of 700 million yuan in five years, it endeavors to be listed on the SME board or the A-share mainboard.

Additionally, the company will set up the Eco-environmental Protection Research Institute in Chongqing to improve the regional and national ecological environments. It will set up a range of professional technical research platforms and carry out continuous scientific and technological research across the board. Grounded on CETZ's regional advantages, it will promptly reproduce research findings to make new headway and enter the national market of ecological restoration and environmental governance. With these efforts, it will bolster cross-regional coordinated development and hammer at becoming a top-notch enterprise in ecological environment services based in Chongqing and radiating the country.